Floating Exchange Rate

Definition

A rate that is allowed to change freely, as influenced by an open market, rather than being fixed to the value of another asset (e.g., the Chinese Yuan is not openly traded and fixed to the value of the U.S. Dollar).

In today’s write-up, I’ll present the final and total results of the system, as well as give a heads up on my plans for the system. I’ll also show y’all how the system would have fared in a zero-spread environment.

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